
Colton, California 92324
This Colton quadruplex presents a Strong Value Opportunity, listed at $775,000—positioned above the $715,326 Fair Market Value. While the price reflects a premium, the asset offers a stable 4.62% cap rate and a Condition Rating of 3, ensuring minimal immediate capital expenditure. Featuring in-unit laundry hookups and private fenced-in backyards, this property provides high tenant appeal near major medical employment hubs. This is a reliable, low-maintenance acquisition ideal for Buy-and-Hold Investors or first-time investors seeking a stable foothold in the Inland Empire.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 560 N 2nd Street Subject 4 bd · 4 ba · 2,400 sqft · $298 | $775,000* List Price | 4 | 4 | 2,400 | $298 | - |
A 1067 Stevenson A & B Sold 6 bd · 4 ba · 2,378 sqft · $278 · 0.8 mi | $660,000 | 6 | 4 | 2,378 | $278 | 0.8 mi |
B 533 Jackson Street Sold 6 bd · 4 ba · 2,589 sqft · $261 · 0.6 mi | $675,000 | 6 | 4 | 2,589 | $261 | 0.6 mi |
C 420 E B Street Active 5 bd · 4 ba · 2,240 sqft · $310 · 0.9 mi | $695,000 List Price | 5 | 4 | 2,240 | $310 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1956, the property has been well-maintained and updated for tenant readiness. Features like wood-look vinyl flooring and updated windows suggest a renovation within the 5-15 year range. Systems are functional (wall AC/heat) and the property is move-in ready for tenants with minimal immediate capital expenditure required.
The inclusion of in-unit laundry hookups and private, fenced-in backyards significantly differentiates these units from typical multi-family offerings, driving higher tenant retention and desirability.
Proximity to major employment hubs, including Loma Linda University Medical Center and Arrowhead Regional Medical Center, ensures a consistent pool of professional renters and stable occupancy.
A uniform mix of four 1-bedroom units combined with tenant-paid electricity and gas reduces management complexity and limits the owner's exposure to fluctuating utility costs.
The current cap rate of 4.62% is relatively modest for the Inland Empire submarket, which may require a value-add strategy or rent increases to maximize investor returns.
Built in 1956, the property may necessitate higher long-term reserves for capital improvements and maintenance of aging structural systems compared to newer developments.
We are pleased to present 560 N 2nd Street, a low-maintenance Colton quadruplex offering investors stable income and a strong foothold in the heart of the Inland Empire. This well-located asset delivers four 1-bedroom/1-bathroom residences built in 1956, totaling ±2,400 rentable square feet on a ±8,400 square-foot lot, with units averaging ±600 square feet. Mid-century construction meets practical, tenant-ready interiors, each unit featuring a fully equipped kitchen with stove, built-in cabinetry, wood-look vinyl flooring throughout, ceiling fans, and wall air conditioning and heating. Washer and dryer hook-ups give residents the in-unit laundry convenience renters look for, while security screen doors add peace of mind. Private outdoor space sets this property apart from typical multifamily, with front porches, grassy front yards, and fenced-in grassy back yards framed by neat, lush mature landscaping. A private garage with a dedicated parking space and ample street parking complete the offering. A uniform mix of four 1-bedroom/1-bathroom units simplifies management, leasing, and underwriting. Tenants pay electricity and gas, limiting the owner’s exposure to variable utility costs, while the landlord covers water, sewer, and trash. Mature landscaping and grassy yards keep the operating profile low-maintenance and budget-friendly. Colton is a central hub of the Inland Empire, offering residents an established, affordable community with direct access to the 10 and 215 Freeways and the 210 Freeway nearby. The location puts tenants close to major employment centers, including Arrowhead Regional Medical Center, Loma Linda University Medical Center, and the region’s expansive logistics and rail corridor, all of which support steady rental demand. Residents also benefit from nearby higher education at California State University, San Bernardino, and from the Colton Joint Unified School District. Located approximately 55 miles east of Downtown Los Angeles, the property gives renters access to the broader Southern California job market at a fraction of coastal housing costs. Whether you are a first-time investor seeking an attainable entry point or a seasoned investor looking for a stable, low-maintenance asset with a 4.62% current cap rate and minimal capital expenditure requirements, 560 N 2nd Street offers an exceptional foothold in the thriving Inland Empire submarket.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 5.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 2,400 | 1,790 |
| Lot Size | 8,400 | 7,500 |
| Price | $775.0K | $581.0K |
| Price per sq ft | $323 | $287 |
| Built year | 1956 | 1934 |
| HOA | $0 | $0 |
| Days on market | 12 | 81 |
Oct 12, 2026
$775,000
Initial Listing
Jun 30, 2020
$430,000
Public Record